Bloomingdale's is an upscale American department store owned by Macy's, Inc. (formerly Federated Department Stores). The chain's biggest competitors are Neiman Marcus, Saks Fifth Avenue, Bergdorf Goodman, Barneys New York, Lord & Taylor and Nordstrom. Bloomingdale's started in 1861 when brothers Joseph and Lyman G. Bloomingdale started selling hoop-skirts in their Ladies Notions' Shop on Manhattan's Lower East Side. The pair were sons of Benjamin Bloomingdale, a Bavarian-born salesman who had lived in North Carolina and Kansas, and settled in New York City. In 1872, the Bloomingdale brothers opened their first store at 938 Third Avenue, New York City.
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